The city-state of Singapore is a hub for finance and logistics , allowing it to punch above its weight to achieve an estimated GDP of $ 372.8bn in 2019 . Singapore is investing serious funds into its Smart Nation Initiative , the smart city project launched in 2014 . In 2017 , the city-state ’ s Finance Minister Heng Swee Keat said that $ 2.4bn would be invested in digitalisation over the ensuing four years . Pillars of the programme include digitalisation of the economy , the government and society at large .

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